Carsten added, ‘We are on track to start production by the end of this year. The fully operational capacity will be 300,000 cars a year.’
Byton announces EV plans
Byton is planning to introduce two models of electric cars, both of which will be fitted with autonomous driving technology, in the near future.
The models — the K-Byte and M-Byte — will feature artificial intelligence and machine learning in models. The less-expensive M-Byte will begin production in 2019, the K-Byte sedan will come in 2021.
A third model is pencilled in for 2023.
The M-Byte is expected to retail for $45,000 without self-driving car technology, but can be upgradeable to Level 3 autonomous driving in the future.
Carsten Breitfeld, CEO of Byton, said, ‘To achieve this milestone, we went from thinking mechanically, to thinking digitally. The Byton M-Byte could be the most important digital device in your life.’
Byton, whose partners include Bosch, Faurecia, Amazon, and Baidu, is on track to secure a production license in China and has now built more than 100 test vehicles.